Proficio Capital Partners LLC Makes New Investment in CBIZ, Inc. (NYSE:CBZ)

Proficio Capital Partners LLC acquired a new position in shares of CBIZ, Inc. (NYSE:CBZ - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 46,725 shares of the business services provider's stock, valued at approximately $3,824,000. Proficio Capital Partners LLC owned about 0.09% of CBIZ as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CBZ. FMR LLC lifted its position in CBIZ by 27.4% during the third quarter. FMR LLC now owns 594,660 shares of the business services provider's stock worth $40,015,000 after acquiring an additional 127,822 shares during the last quarter. Premier Fund Managers Ltd increased its holdings in shares of CBIZ by 14.0% during the third quarter. Premier Fund Managers Ltd now owns 813,698 shares of the business services provider's stock worth $54,375,000 after purchasing an additional 100,000 shares during the period. Barclays PLC increased its holdings in shares of CBIZ by 362.1% during the third quarter. Barclays PLC now owns 78,711 shares of the business services provider's stock worth $5,298,000 after purchasing an additional 61,679 shares during the period. Artemis Investment Management LLP increased its holdings in shares of CBIZ by 18.5% during the fourth quarter. Artemis Investment Management LLP now owns 393,910 shares of the business services provider's stock worth $32,234,000 after purchasing an additional 61,376 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of CBIZ by 7.5% during the third quarter. JPMorgan Chase & Co. now owns 704,888 shares of the business services provider's stock worth $47,432,000 after purchasing an additional 48,979 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

Several research analysts have recently commented on CBZ shares. William Blair reaffirmed an "outperform" rating on shares of CBIZ in a report on Thursday, February 27th. StockNews.com cut shares of CBIZ from a "hold" rating to a "sell" rating in a report on Tuesday, February 25th.

Insider Activity at CBIZ

In other CBIZ news, Director Benaree Pratt Wiley sold 6,526 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $71.75, for a total transaction of $468,240.50. Following the sale, the director now owns 41,759 shares of the company's stock, valued at approximately $2,996,208.25. The trade was a 13.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.40% of the stock is currently owned by insiders.

CBIZ Price Performance

NYSE:CBZ traded up $0.03 during mid-day trading on Friday, reaching $72.97. The stock had a trading volume of 571,644 shares, compared to its average volume of 307,218. The stock has a 50-day simple moving average of $81.37 and a two-hundred day simple moving average of $76.54. The stock has a market capitalization of $3.92 billion, a PE ratio of 30.92 and a beta of 0.99. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 1.49. CBIZ, Inc. has a 12 month low of $62.66 and a 12 month high of $90.13.

CBIZ Profile

CBIZ, Inc provides financial, insurance, and advisory services in the United States and Canada. It operates through Financial Services, Benefits and Insurance Services, and National Practices segments. The Financial Services segment offers accounting and tax, financial advisory, valuation, risk and advisory, and government healthcare consulting services.